Goss, Executive Vice President
(630) 515-0170, ext.
LifeQuotes.com launches instant disability
quotes to enhance consumer
education about income
Disability quotes now appear automatically alongside life
New innovation leverages insurance
learning, saves time
DARIEN, Illinois (May 16, 2019) –
LifeQuotes.com, the instant life insurance price comparison
service that is dedicated to simplifying the life insurance
buying experience, announced today that it is now providing
instant disability quotes along with every life insurance
quote request that is made on its desktop and tablet
Disability quotes from leading insurers now appear
automatically on every life insurance quote request for those
employed customers who are age 25-60 and enjoying good health.
"We are thrilled to announce this enhancement to
coincide with Disability Insurance Awareness Month," said
LifeQuotes.com founder and CEO, Robert Bland. "While life
insurance can do a good job of replacing a breadwinner's
income for those left behind, private disability insurance is
intended to replace lost earnings for a set period of time due
to a sickness or injury which prevents someone from
Who Needs Disability Insurance?
Simply put, if you have a job, you most likely need
disability insurance. The possibility of a disabling illness
or injury may seem remote, but statistics say otherwise.
- You actually have a three in 10 chance of suffering a
disability that keeps you out of work for 90 days or longer
at some point during your working career.
- 90 percent of disabilities are caused by illnesses
Should you sustain a disabling illness or injury, there
are several sources of disability benefits you might be able
to tap into, including from the government and your employer.
However, there are significant limitations on these benefits,
and they may not be sufficient to meet your income replacement
needs. It makes sense, then, to consider obtaining additional
coverage, either through the workplace or on your own.
Anonymous Quoting Respects Your Privacy
Unlike most insurance websites, the online life and
disability insurance quoting engine at LifeQuotes.com offers
totally anonymous quoting. This ensures customer privacy and
also allows customers to ask questions and obtain advice from
credentialed counselors without any sales pressure.
Bill Olmsted, an independent disability insurance expert
who participated in the design of this technology, said,
"We used our 20 years of experience advising clients on
which disability insurance policy is best suited for them to
drive the customer-engaging interface that you now see at
LifeQuotes.com whereby the hassle of obtaining quotes has been
eliminated. Customized disability quotes based upon occupation
and income are instantly shown without the user having to
answer any additional questions. All quotes are then subject
to underwriting approval."
Disability Insurance Awareness Month
May is known as Disability Insurance Awareness month in
the insurance industry. This initiative is designed to bring
awareness to consumers about the risk of sustaining an injury
or illness that prevents them from working and earning a
paycheck, and how to mitigate this risk through the use of
The Counsel for Disability Awareness did a recent study on The State of Disability Coverage in
America and found some sobering statistics.
- More than 25% of today's 20 year olds can expect to
have a disability before they reach retirement age.
- At least 51 million adults are without disability
insurance through work or a private policy.
- Only 40% of households have liquid savings to sustain
themselves at the poverty level for 3 months.
About Life Quotes, Inc.
Privately-held LifeQuotes.com operates an Internet-based
insurance exchange for consumers at www.lifequotes.com.
The company's proprietary technology provides instant quotes
and illustrations from 50 leading life insurers and enables,
in most cases, a paperless purchase process. Life Quotes also
provides quotes for auto, home, disability and Medicare
supplement plans. The company also provides co-branded life
insurance technology and fulfillment services to insurance
companies, financial institutions, banks, credit unions,
property & casualty agencies, trade associations and other
affinity groups with large customer bases. More than 360,000
people have purchased policies through LifeQuotes.com since
the firm's founding in 1984. Visit www.lifequotes.com
for more information or to experience the life insurance
quoting experience online.
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